With the Dow back to record highs, James K. Glassman, co-author of the most infamously wrong investment book of all time, 1999's "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market," has resurfaced to insist that he and Kevin Hassett weren't wrong, just ahead of their time.

Every day, dozens of analysts, pundits and talking heads take to the media to make startling predictions -- the bolder the better. But which of them has a winning record, and who is full of hot air? A new website called "PunditTracker" is answering that question.

There's no shortage of pundits who shot to fame on the back of a bold, contrarian call only to come up empty afterwards. Meredith Whitney and Nouriel Roubini are just two pundits who called the meltdown while most others were oblivious. Too bad they've fared less well lately.

The S&P 500 has rebounded 20% since its July 2010 low, which comes as bad news to perma-bears like Nouriel Roubini, Gary Shilling, and Bill Gross, all of whom predicted the opposite. This raises several questions about how stocks move, and why the pundits we hear say the things they do.

Investing is a jungle, and most of the so-called experts who get quoted in the media are on the prowl with a simple purpose -- to give you a reason to trade. But they don't know much more than you do, and all their arguments ignore a basic reality: The market is now controlled by short-term traders.

Thanks to PolitiFact.com, the Pulitzer Prize-winning website, it's possible to see which political pundits are sticking to the truth and which are making it up. George Will gets high marks; Glenn Beck, not so much.